Shede Spirits (SH:600702)2019-04-25 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY 100,561,411.24, representing a year-on-year increase of 21.53%[4] - Operating revenue for the period was CNY 697,491,271.57, reflecting a growth of 34.06% compared to the same period last year[4] - Basic earnings per share were CNY 0.3013, an increase of 22.83% compared to CNY 0.2453 in the same period last year[4] - The company reported a significant increase in other payables by 33.04% to CNY 656,514,024.53, attributed to dividend distributions and employee equity incentives[8] - The company recorded a 173.69% increase in income tax expenses to CNY 46,656,359.00 due to profit growth and deferred tax adjustments[9] - The total comprehensive income for Q1 2019 was CNY 108,042,806.58, compared to CNY 86,382,578.23 in Q1 2018, showing an increase of 25.1%[18] Cash Flow - The net cash flow from operating activities was negative at CNY -10,938,373.29, a decline of 104.40% year-on-year[4] - The net cash flow from financing activities increased by 181.21% to CNY 145,769,563.03, driven by increased bank loans and reduced repayments[9] - Cash flow from operating activities showed a net outflow of CNY 10,938,373, compared to a net inflow of CNY 248,321,396 in the same quarter last year[23] - Cash flow from investing activities resulted in a net outflow of CNY 51,658,285, an increase from CNY 117,991,141 in the previous year[24] - The net cash flow from financing activities generated a net inflow of CNY 145,769,563, contrasting with a net outflow of CNY 179,500,854 in the prior year[24] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,985,314,213.03, an increase of 2.95% compared to the end of the previous year[4] - Total current assets amounted to CNY 3,784,637,854.06, an increase from CNY 3,646,596,754.46 in the previous period[11] - Current liabilities rose to ¥2,122,372,489.31 from ¥2,075,320,256.85, marking an increase of approximately 2.27%[12] - Total liabilities increased to ¥2,176,590,727.91 from ¥2,127,609,997.55, marking an increase of approximately 2.30%[13] - Total liabilities decreased to CNY 1,598,559,480.76 in Q1 2019 from CNY 1,709,311,090.58 in Q1 2018, a reduction of 6.5%[16] Shareholder Information - The company had a total of 46,429 shareholders at the end of the reporting period[6] - The largest shareholder, Sichuan Tuopai Shede Group Co., Ltd., held 29.85% of the shares[6] - There were no related party transactions or concerted actions among the top ten shareholders[7] Research and Development - Research and development expenses surged by 5,268.29% to CNY 5,921,903.19, reflecting increased investment in new product projects[8] - Research and development expenses for Q1 2019 were CNY 5,921,903.19, significantly higher than CNY 110,312.58 in Q1 2018, indicating a focus on innovation[17] Market Strategy - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[21] - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[27]